Great Portland Estates Plc

DB:G9KB Stock Report

Market Cap: €1.6b

Great Portland Estates Valuation

Is G9KB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of G9KB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€0.83
Fair Value
354.8% overvalued intrinsic discount
13
Number of Analysts

Below Fair Value: G9KB (€3.76) is trading above our estimate of fair value (€0.83)

Significantly Below Fair Value: G9KB is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for G9KB?

Key metric: As G9KB is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for G9KB. This is calculated by dividing G9KB's market cap by their current revenue.
What is G9KB's PS Ratio?
PS Ratio8.9x
SalesUK£148.80m
Market CapUK£1.33b

Price to Sales Ratio vs Peers

How does G9KB's PS Ratio compare to its peers?

The above table shows the PS ratio for G9KB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6x
AOX alstria office REIT-AG
4.3x-4.5%€1.0b
HABA Hamborner REIT
4.8x-1.0%€516.5m
AP.UN Allied Properties Real Estate Investment Trust
3.4x5.0%CA$2.0b
3234 Mori Hills REIT Investment
11.5x-1.0%JP¥253.9b
G9KB Great Portland Estates
8.9x4.3%€1.3b

Price-To-Sales vs Peers: G9KB is expensive based on its Price-To-Sales Ratio (8.9x) compared to the peer average (6.1x).

Price to Sales Ratio vs Industry

How does G9KB's PS Ratio compare vs other companies in the European Office REITs Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
G9KB 8.9xIndustry Avg. 7.1xNo. of Companies5PS048121620+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: G9KB is expensive based on its Price-To-Sales Ratio (8.9x) compared to the European Office REITs industry average (7.2x).

Price to Sales Ratio vs Fair Ratio

What is G9KB's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

G9KB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.9x
Fair PS Ratio7.4x

Price-To-Sales vs Fair Ratio: G9KB is expensive based on its Price-To-Sales Ratio (8.9x) compared to the estimated Fair Price-To-Sales Ratio (7.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst G9KB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.76
€4.07
+8.2%
17.1%€5.43€3.29n/a13
May ’26€3.52
€4.07
+15.6%
17.1%€5.43€3.29n/a13
Apr ’26€3.50
€4.30
+22.9%
17.1%€5.53€3.47n/a14
Mar ’26€3.26
€4.34
+33.2%
18.7%€5.57€3.04n/a16
Feb ’26€3.38
€4.38
+29.7%
16.7%€5.52€3.46n/a16
Jan ’26€3.42
€4.65
+36.0%
13.1%€5.58€3.63n/a16
Dec ’25€3.56
€4.67
+31.3%
13.3%€5.55€3.61n/a16
Nov ’25€3.66
€4.50
+22.8%
15.5%€5.48€2.91n/a16
Oct ’25€4.30
€4.52
+5.0%
15.5%€5.52€2.93n/a16
Sep ’25€3.94
€4.32
+9.7%
14.0%€5.11€2.84n/a16
Aug ’25€4.10
€4.50
+9.8%
15.6%€5.82€2.90n/a16
Jul ’25€3.92
€4.72
+20.4%
17.7%€5.96€2.88n/a16
Jun ’25€4.02
€4.79
+19.2%
19.2%€5.94€2.87n/a16
May ’25€4.54
€5.14
+13.3%
13.8%€5.95€3.43€3.5217
Apr ’25€4.44
€5.20
+17.1%
13.7%€6.13€3.43€3.5017
Mar ’25€4.20
€5.20
+23.9%
13.9%€6.15€3.44€3.2617
Feb ’25€4.72
€5.30
+12.2%
14.4%€6.15€3.45€3.3817
Jan ’25€4.80
€5.30
+10.4%
15.9%€6.68€3.41€3.4215
Dec ’24€4.60
€5.44
+18.3%
20.3%€7.83€3.41€3.5614
Nov ’24€4.42
€5.66
+28.1%
20.9%€7.76€3.38€3.6615
Oct ’24€4.70
€6.05
+28.6%
17.0%€7.76€4.45€4.3016
Sep ’24€4.74
€6.44
+35.9%
17.5%€8.20€4.18€3.9416
Aug ’24€4.90
€6.51
+32.8%
15.9%€8.21€4.93€4.1016
Jul ’24€4.82
€6.67
+38.5%
13.4%€8.21€5.12€3.9216
Jun ’24€5.45
€6.72
+23.3%
12.5%€8.22€5.24€4.0217
May ’24€5.80
€6.60
+13.8%
12.3%€8.03€5.12€4.5418
AnalystConsensusTarget
Consensus Narrative from 13 Analysts
€3.97
Fair Value
5.2% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/07 13:59
End of Day Share Price 2025/05/07 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Great Portland Estates Plc is covered by 33 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Eleanor FrewBarclays
Aaron GuyBarclays
Celine HuynhBarclays